Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 15.07% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $1.31 would be kept by the premium seller. The risk of $8.69 would be incurred if the stock dropped below the $145.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Goldman Sachs is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Goldman Sachs is bullish.
The RSI indicator is at 49.92 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Goldman Sachs
In Greece, the Banking Chief Draws Scrutiny
Wed, 16 Oct 2013 23:58:31 GMT
New York Times – The governor of the Bank of Greece, Georgios A. Provopoulos, helped keep Greece out of bankruptcy and in the euro zone, but now a banking deal he approved is facing criticism.
Billionaire Mark Cuban cleared of insider trading; blasts U.S. government
Wed, 16 Oct 2013 23:30:26 GMT
Reuters – Flamboyant billionaire Mark Cuban on Wednesday was cleared by a Texas jury of using a private tip to avoid a big loss on his 2004 sale of Internet company shares, in a stinging rebuke for the U.S. government …
Billionaire Mark Cuban cleared of insider trading; blasts U.S. government
Wed, 16 Oct 2013 23:30:26 GMT
Reuters – By Jana J. Pruet DALLAS (Reuters) – Flamboyant billionaire Mark Cuban on Wednesday was cleared by a Texas jury of using a private tip to avoid a big loss on his 2004 sale of Internet company shares, in …
Green groups seek assurances Energy Future can clean up coal mines
Wed, 16 Oct 2013 23:18:13 GMT
Reuters – Environmental group leaders on Wednesday urged Texas regulators to ensure that financially strapped Energy Future Holdings can cover the cost of cleaning up its coal mine operations in the state in the …
Twitter follows the money: all the latest news on the IPO
Wed, 16 Oct 2013 21:47:30 GMT
The Verge – After much speculation, Twitter has officially filed for its $1 billion IPO and will become a publicly traded company on the New York Stock Exchange. The hugely successful social network announced its plans (via a tweet, of course) on September 12th, 2013.
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